60% of the house purchase loans taken out in Northern Ireland in the first quarter of 2012 were to first-time buyers, according to new data released today from the Council of Mortgage Lenders in Northern Ireland. This was up from 58% in the final quarter of last year and the highest proportion since 2001.
As expected, the end of the stamp duty concession led to a surge in activity in the mortgage market in March, according to new data released today by the Council of Mortgage Lenders.
New buy-to-let lending in the first quarter of this year totalled £3.7 billion (32,300 loans), according to the Council of Mortgage Lenders.
The number of repossessions in the first quarter of 2012 was 9,600, the same as in the first quarter of 2011, breaking the recent trend of year-on-year increases in repossessions, according to the Council of Mortgage Lenders.
Gross mortgage lending in March was an estimated £13.4 billion, according to the Council of Mortgage Lenders. This represents a 30% rise from £10.3 billion in February and a 17% rise from March 2011 (£11.4 billion).
Lending to both first-time buyers and home movers increased in February with first-time buyers taking the bigger increase, according to figures released today from the Council of Mortgage Lenders.
To avoid causing problems in the mortgage market, the FSA needs to make some further amendments to its proposed package of regulatory reforms, says the Council of Mortgage Lenders in its consultation response submitted today.
Gross mortgage lending held steady in February and was an estimated £10.7 billion, according to the Council of Mortgage Lenders. This is almost identical to January’s gross lending total of £10.65 billion and 14% higher than February last year (£9.4 billion).
Both house purchase and remortgage lending fell in January, according to new data released today from the Council of Mortgage Lenders.
The Council of Mortgage Lenders is pleased that NewBuy will be launching with the underpinning of government support to supplement the builder-funded scheme.
The Council of Mortgage Lenders is today publishing a crystal marked consumer factsheet to help home buyers decide whether the NewBuy scheme, launched today, can be of value to them.
New CML research published today looks at the comparative costs of owning and renting, and seeks to address one very real question that faces the would-be home-owner: "To buy, or not to buy?"
The Council of Mortgage Lenders sets out a budget 2012 submission, detailing what they would like to see George Osborne announce. Read it here.
Gross mortgage lending declined to an estimated £10.5 billion in January. Lending fell by 14% from £12.2 billion in December but was 10% higher than the total of £9.5 billion in January 2011, according to the Council of Mortgage Lenders.
The future of interest-only lending forms a large part of the FSA's MMR consultation. Today we discuss the impact the proposed rules could have on a part of the market already changed substantially since the financial crisis. We also...
The number of first-time buyers, who are currently exempt from paying stamp duty on properties up to £250.000, increased in December, according to data released today by the Council of Mortgage Lenders..
The number of properties being bought with buy-to-let mortgages increased by around 84,000 in 2011, modestly helping to increase the supply of private rented housing in the UK, according to latest data from the Council of Mortgage Lenders.
The total number of properties taken into possession by first-charge mortgage lenders in 2011 was 36,200, according to new data from the Council of Mortgage Lenders. This was the lowest annual total since 2007.
So much has been written about the plight of first-time buyers, but what about movers, asks the Council of Mortgage Lenders?
Gross mortgage lending in December was an estimated £11.7 billion, according to the Council of Mortgage Lenders. This represents a 12% drop from £13.2 billion in November but a 12% rise from December 2010 (£10.5 billion). December was the fifth month in a row of higher year-on-year lending.
House purchase lending in November experienced a year-on-year rise for only the second time in 2011, according to the Council of Mortgage Lenders.
The CML responds to today's announcement by the government of its consultation on a revitalised Right to Buy programme.
The Council of Mortgage Lenders welcomes and broadly supports the revised package of proposed reforms published in a consultation paper by the Financial Services Authority today.
The Council of Mortgage Lenders (CML) offers us their expert economic predictions for the New Year
The persistence of low interest rates has helped make monthly mortgage payments for first-time buyers the most affordable for nearly eight years, according to figures released today from the Council of Mortgage Lenders.
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